LH Supplies Apartment Land in Chungnam Naepo New Town via Lottery Method

(Data from LH)

[Asia Economy Reporter Moon Jiwon] Korea Land and Housing Corporation (LH) announced on the 11th that it will supply a 53,976㎡ apartment site in block RH4-1 of Naepo New Town, Chungnam Provincial Government Office, through a lottery system.

The apartment site being supplied this time has a building coverage ratio of 40% and a floor area ratio of 225%, allowing the construction of up to 30 floors with a total of 1,056 households. The supply amount is approximately 43.9 billion KRW, which is about 2.69 million KRW per 3.3㎡. Payment can be made in interest-free installments over 5 years.

Naepo New Town, a representative administrative town in Chungnam, houses 128 administrative institutions within the district, including the Chungnam Provincial Government Office, Chungnam Office of Education, and Chungnam Police Agency. It is an eco-friendly city with excellent living conditions and is scheduled to be designated as an innovation city by the end of this year, holding great potential for development.

Hongseong IC on the Seohaean Expressway is located 13 km away, and Yesan Sudeoksa IC and Godeok IC on the Dangjin-Yeongdeok Expressway are about 11 km away. Last year, the connecting road between Naepo New Town toward Sapgyo and National Road No. 45 was opened, improving the transportation network. The Seohaean High-Speed Rail is currently under construction, and the construction of the 2nd Seohaean Expressway is also planned nearby.

Applications can be made through the LH Subscription Center. The first-priority lottery application will be accepted on the 17th, and the lottery will be held on the 21st. Whether second-priority applications are possible can be checked on the LH Subscription Center notice board after 5:30 PM on the 21st, and contracts will be conducted from the 5th to the 7th of next month.

This content was produced with the assistance of AI translation services.